Janet Yellen

This should be a very significant concern.

I think these programs are deserving of emphasis and can be very successful.

Current spending and taxation decisions will lead to an unsustainable debt situation with rising interest rates and declining investment in the United States that will further harm productivity, growth, and living standards.

I believe it is essential to maintain orderly liquidation.

Congress set forth the mandate for monetary policy in the Federal Reserve Act, which directs the Federal Reserve Board to conduct monetary policy so as to promote maximum employment and stable prices.

I do not believe that Glass-Steagall was responsible for the financial crisis.

Both objectives of the dual mandate are important in promoting the economic well-being of the United States.

My advice would be to focus on all of those factors that determine productivity growth, and that pertains to tax reform and the efficiency with which the economy operates.

We are constantly looking for vulnerabilities and recognize that risk can move outside the regulatory perimeter.

We are very focused on trying to bring inflation up to our 2-percent objective.

It most likely would.

It is challenging to move productivity growth up that much.

I do not have that number at my----

It appears that the recent lower readings on inflation are partly the result of a few unusual reductions in certain categories of prices.

It is important when we have a 2-percent inflation objective to make sure that we achieve it.

I believe risk-based capital should be the most important form of capital regulation, that that is what should be binding.

You did say that you did not see a $1 trillion balance sheet again.

The behavior that we saw was egregious and unacceptable.

The dual mandate has served the country well.

I do believe our stress tests and CCAR have very substantially strengthened especially the largest banking firms.

I would not get rid of it, but I would look for ways to simplify it.

Fiscal policy, we have long known, under current policy is on an unsustainable course.

I do believe it is an important mandate that keeps us focused on the labor market and wanting to ensure strong performance.

We would favor some increase, if Congress sticks with a dollar threshold.

It is a risk. A significant amount of that is in China.